Marc Faber : I don’t pay much attention to what the Fed publishes. When you read their statements, they are completely confused and very vague. In other words, all is data-driven. If the stock market dropped ten, 20 percent, for sure there would be more QE programs.
On the other hand, if the economy is very strong, they may taper off
somewhat. You get the picture. The worse the situation is in the US,
whether regarding asset markets or the economy, the more QE there will
be. The Fed doesn’t know anything else. - in zerohedge
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.